UK-based pharmaceutical conglomerate GlaxoSmithKline (GSK) and UK-based automotive company the McLaren Group signed a strategic agreement yesterday, set to run initially until 2016. GSK is looking to harness McLaren’s expertise in analytics and data modelling, which it will chiefly use in its nutritionals unit, as well as in manufacturing, consumer healthcare and research & development.… Continue reading GSK and McLaren join forces
Month: September 2011
SaveUp reaps the rewards of careful planning
The start-up, which seeks to reward customers who save their money, has secured seed funding.
Tail-f heads for further SEB investment
Sweden-based management software company Tail-f Systems raised $4m in series B financing on Tuesday in a round led by SEB Ventures, the corporate venturing division of Sweden-based banking group SEB Group. SEB previously funded Tail-f’s series A round, contributing €2m ($2.3m) in 2005. Tail-f produces software that helps the developers of network management systems build… Continue reading Tail-f heads for further SEB investment
GCT Semiconductor files for IPO
GCT, which counts fellow semiconductor companies Samsung, National and Pericom among its investors, will go public but the price is still to be set.
InMobi gets a large deposit from Softbank
India-based mobile advertising company InMobi raised $200m of series C funding earlier this week from Japan-based internet and telecommunications conglomerate Softbank. The investment will be made in two tranches of $100m, the first coming this month with the second scheduled for April 2012. Prior to Softbank’s involvement, venture capital firms Kleiner Perkins Caufield & Byers… Continue reading InMobi gets a large deposit from Softbank
GE launches anti-cancer challenge
GE Healthcare and a selection of VC firms have put aside up to $100m in funding for companies with innovative ideas to combat breast cancer.
Teva preps venturing fund
News provider Globes said Aharon Schwartz, vice-president of Teva Innovative Ventures, would be “responsible for investing in start-ups and reaching licensing agreements with universities as part of the company’s effort to expand its pipeline of innovative drugs”.
Living Social eats with Whole Foods
Whole Foods Market is the latest large company to team up with Amazon-backed Living Social, which recently secured another large tranche of funding.
Ooyala calls Motorola Mobility
US-based mobile devices manufacturer Motorola Mobility invested an undisclosed amount in US-based online video platform Ooyala on Tuesday through its corporate venturing unit, Motorola Mobility Ventures. Motorola Mobility was originally de-merged from telecommunications multinational Motorola in January, but last month Google agreed to acquire the company for $12.5bn, subject to regulatory approval. Ooyala picked up… Continue reading Ooyala calls Motorola Mobility
Zhenai meets its Match
Multinational dating website Match.com has established a toehold in the Chinese market by acquiring a stake in the dating and matchmaking service.
Current gets up to date with investors
Current, which leases its technology to utilities companies, has secured funding from some new corporate backers.
Breeze picks up for Boulder Wind Power
Molycorp has provided the wind energy company with a substantial amount of series B investment alongside existing investor NEA.
CrunchFund gets motoring with Getaround
US-based online car rental service Getaround closed $3.4m in seed funding on Monday, becoming the first recipient of funding from CrunchFund, the corporate venturing fund backed by US-based media and internet services company AOL and managed by Michael Arrington, the ex-editor of technology-based business website TechCrunch. Also taking part in the round were venture capital… Continue reading CrunchFund gets motoring with Getaround
Zawatt gets its wish granted
The newly-founded app development start-up has secured seed financing from Net Capital Partners and a selection of angels.